Human Rights

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In its role as an employer, and as a user and provider of services, Credit Suisse is committed to human rights and respects them as a key element of responsible business conduct.

We strive to assume our responsibilities in the area of human rights in accordance with the International Bill of Human Rights, as well as the principles on human and labor rights set out in the UN Global Compact. We incorporate related principles into our own policies and take account of them in our business activities. Equally, we expect our business partners to recognize and uphold human rights.

The Credit Suisse Statement on Human Rights describes the foundation of our commitment to respect human rights and the approaches, processes and tools we apply to implement it in our relationships with our employees, when working with suppliers and external service providers, and when providing financial products and services for our broad range of clients. With regard to the Modern Slavery Act introduced in the UK in 2015, we have been analyzing the measures that can be taken to meet the necessary criteria in our reporting activities.

When realizing our efforts in this area, we take account of the UN "Protect, Respect and Remedy" framework and the Guiding Principles on Business and Human Rights – the key reference points for the business and human rights debate. To promote a better understanding of what these Guiding Principles mean for the banking sector, Credit Suisse co-initiated the Thun Group of Banks in 2011 together with other financial institutions. In 2015, the Thun Group focused on the third pillar of the Guiding Principles and held discussions on the topics "Access to Remedy" and "Grievance Mechanisms". It also addressed the question of whether and how these could apply to banking products and services.

For regular reporting and detailed information on the implementation of our commitment, including training and awareness-raising, see our latest Corporate Responsibility Report on pages 15-17.